Global real estate investment continued to grow through 2025, sustaining the upward trend of the previous year, though activity remains below historic norms. The recovery has been led by the most liquid markets, while performance across regions has been varied. The overall picture is one of steady but uneven progress, with periods of volatility and slower decision‑making giving way to renewed momentum as delayed transactions move forward.

Despite longer deal timelines and reduced activity levels, market sentiment and liquidity indicators continue to point to underlying resilience and further growth in the year ahead. This quarterly report explores these global trends, looking at recent transactional activity, pricing, and investor behaviour in the living, logistics and office markets. We hope you find these three reports insightful and enjoy reading them.

Read the full Annual Review report, or read the individual sector reports: 

Living, Logistics and Offices.

Enjoyed this report? Subscribe to Savills Global Capital Markets so you don’t miss out

Sign up today to stay informed and access our expert analysis and insights on major macro events and their implications for real estate — you'll receive our weekly newsletter, quarterly reports, and invites to future webinars.